ZIP Code 71202 — Monroe, LA Home Prices (2026)
The typical home in ZIP 71202 (Monroe, Louisiana) is worth about $59,000 at roughly $73 per square foot — 69% more affordable than the Monroe median and 80% more affordable than the typical U.S. home.
How 71202 compares
ZIP 71202 is one of the more affordable ZIP codes in Monroe: its typical home value of $59,000 ranks #3 of the 3 Monroe ZIP codes we track (the citywide range runs from $59,000 in 71202 to $217,000 in 71201). Per square foot it costs about $73, against $137 for Monroe as a whole, $136 for Louisiana, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 71202 | $59,000 | $73 |
| Monroe, LA | $189,000 | $137 |
| Louisiana | $194,000 | $136 |
| United States | $294,000 | $195 |
Home value by size in 71202
Using this ZIP’s rate of about $73 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $73,000 |
| 1,500 sq ft | $109,500 |
| 2,000 sq ft | $146,000 |
| 2,500 sq ft | $182,500 |
| 3,000 sq ft | $219,000 |
Salary needed to buy a home in ZIP 71202
To buy the typical $59,000 home in ZIP 71202 with 20% down, you need a household income of roughly $16,000 a year (about $370 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $19,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $3,000 | $470/mo | $20,000/yr |
| 10% (+PMI) | $5,900 | $450/mo | $19,000/yr |
| 20% | $11,800 | $370/mo | $16,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 71202
At about $73 per square foot, here is roughly how much home different budgets get you in ZIP 71202:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 2050 sq ft | above the median — larger homes or the pricier ZIPs |
| $200k | 2740 sq ft | above the median — larger homes or the pricier ZIPs |
| $250k | 3420 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 4110 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 71202 home.
Estimate a specific home in 71202
The estimator below is pre-set to ZIP 71202 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Monroe ZIP codes by home value
Where 71202 sits among Monroe’s 3 ZIP codes:
ZIP 71202 home prices: frequently asked
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See the full Monroe home values page, all Louisiana cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.